Posted: Feb 1, 2011 2:54 PM by Bea Karnes
Updated: Feb 1, 2011 2:56 PM
Colorado Sen. Mark Udall is gaining quite a reputation for bipartisanship. First, there was his idea for Democrats and Republicans to sit together at the State of the Union Address.
Today, he signed-on to co-sponsor a balanced budget amendment which would require Congress to balance the federal budget each year. Udall is the first Democratic senator in many years to join Republican senators in cosponsoring balanced budget amendment legislation.
Udall's office calls the amendment a common-sense approach that will help pay down the nation's debt and restore fiscal responsibility in Washington.
"American families have to balance their own checkbooks - and, especially in these hard times, they're wondering why their federal government doesn't have to do the same," Udall said. "In fact, the United States has balanced its budget only five times in the last 50 years. Meanwhile, we've racked up a record debt that threatens our future economic leadership. We need to take action now to turn our fiscal situation around."
"I've long gone by the saying, if you find yourself in a hole, stop digging. By restoring healthy and responsible spending through a reasonable Balanced Budget
Amendment, we can begin filling in that hole. This amendment would send a strong signal to the financial markets, U.S. businesses, and the American people that we are serious about stabilizing our economy for the long-term."